South and Southeast Asia a bright growth spot for Islamic banking, says Moody’s

GROWTH prospects for Islamic banking will remain strong in South and Southeast Asia (SEA) over the long term with demand expected to be driven by young, growing populations as well as government efforts to develop the sector, says Moody’s Investors Service.

The region, which includes key Muslim-majority markets like Malaysia, Indonesia, Pakistan and Bangladesh, is deemed one of the world’s brightest spots for Islamic banking growth.

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